Taco Bell Shines as Yum, Restaurant Brands Struggle; Marqeta Shares Sink 30%
Taco Bell's resilience boosts Yum, while KFC and Pizza Hut see declines. Learn how Yum, Restaurant Brands, and Marqeta face sector challenges.
Marqeta Stock Sinks 39% After Cut to Growth Forecast
The financial services company slashes its revenue forecast for the fourth quarter.
Marqeta, Inc. (MQ) Q3 2024 Earnings Call Transcript
Marqeta, Inc. (NASDAQ:MQ ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Stacey Finerman - Vice President, Investor Relations Simon Khalaf - Chief Executive Officer Mike Milotich - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Darrin Peller - Wolfe Research Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Sanjay Sakhrani - KBW Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Operator Ladies and gentlemen, greetings, and welcome to the Marqeta, Inc. Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Marqeta (MQ) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Marqeta (MQ) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marqeta (MQ) Reports Q3 Loss, Tops Revenue Estimates
Marqeta (MQ) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.
Marqeta's stock may shed a third of its value as these factors spur weak outlook
The fintech company's forecast fell short of prior guidance as some customers are moving to in-house solutions and others are reacting to heightened banking regulations.
Marqeta shares plunge more than 30% on big forecast miss
Marqeta shares plummeted in extended trading on Monday after the company issued guidance that fell well short of analysts' estimates. The stock was already down 15% for the year prior to the report and has lost more than 80% of its value since peaking in 2021.
Marqeta Names Amazon Vet Fouzi Husaini as Chief AI Officer
Card issuing platform Marqeta has a new chief artificial intelligence (AI) officer. Fouzi Husaini, a veteran of Amazon and Capital One, will play a key role in Marqeta's efforts to scale its AI organization, the company announced Monday (Sept.
Wall Street Analysts Think Marqeta (MQ) Could Surge 38.09%: Read This Before Placing a Bet
The mean of analysts' price targets for Marqeta (MQ) points to a 38.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Wall Street May Be Selling This Fintech Stock, but I'm Buying. Here's Why
Marqeta is growing on the backs of various high-growth, innovative customers. Renewing its contract with Block has heavily skewed its underlying performance.
Wall Street Analysts Believe Marqeta (MQ) Could Rally 35.54%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 35.5% in Marqeta (MQ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Marqeta: Block Contract Finally Lapped, Reentering Growth Mode
Marqeta reported Q2 earnings that beat estimates, sending shares up 8% the next day. More importantly, Q2 is the turning point for Marqeta as its Block renewal contract is finally fully lapped. In the last four quarters, Marqeta recorded negative Revenue growth due to the Block renewal — that is about to change in Q3 and beyond.
